Akash Network's stakers approved moving the decentralized cloud marketplace off its own Cosmos chain and onto Solana, with 97% of votes in favor. The token moves first, in a few weeks. The marketplace itself has no date yet.
The vote
Proposal 346 closed at 10:02 AM ET today and passed easily. 59.97M AKT voted yes, 97.27% of all votes cast, against about 796K no and 888K abstain. Turnout was about 69.4% of staked AKT, more than double the 33.4% quorum. Akash confirmed the result within minutes ("Prop 346 has passed. Akash is coming to Solana"), followed by a formal announcement at midday.
The vote is a decision, not a switch. It doesn't move the marketplace or set a cutover date. Live leases, staking and governance on Akash's current chain carry on unchanged for now.
What happens next
- AKT becomes a Solana token first. Once two independent audits of the token and migration portal pass, expected two to three weeks from now, AKT launches as a Solana (SPL) token. A one-way portal swaps it 1:1 and stays open for two years. Same ticker, same supply.
- The marketplace follows later. Akash's compute marketplace, its AkashML inference service and Homenode move only after audits, a public testnet, rehearsals and a separate cutover vote. Old workloads then keep running for 90 days.
- Stakers should know the trade-off. Staking rewards on the old chain end at cutover, and moving staked AKT means a 21-day unbond first.
- Watch for fake portals. Akash says there will be one official portal domain. Anything else is a scam.
Why Akash picked Solana
Akash's own report lays it out plainly. Running its own chain meant paying about 100 validators and maintaining forks of Cosmos software it didn't need. On Solana, it estimates network fees for the whole marketplace at about 0.075 SOL a day. Its designs put a marketplace action at roughly 9 times cheaper than an Ethereum layer-2 network on a calm day and about 300 times cheaper under load.
The other reason is the neighbors. Helium, Render, io.net, Hivemapper and Nosana already run on Solana, and Helium and Render have done this kind of move before. Akash also pointed to Solana's stablecoin supply of about $15B as a direct way to pay for GPUs.
Why it matters for Solana
This is a working AI compute network choosing Solana after a public, months-long review that also seriously weighed Ethereum layer-2s. It adds to Solana's DePIN lineup (DePIN stands for decentralized physical infrastructure networks, apps that pay people to run real-world hardware) at a time when AI compute is the hottest part of that category.
Keep the scale in proportion. AKT's market value is about $179M, and the token slipped about 2% in the past 24 hours. SOL is at $91.59 as of 3:56 PM ET, down 2.8% in 24 hours, so the news hasn't changed the market's mood. The real test is execution: clean audits, a smooth token launch and providers re-registering on Solana.
Follow the AKT token launch and other Solana milestones on the Catalyst Tracker.
Also this afternoon
Jito named Bitwise, Triton One and SOL Strategies as the first outside operators for its Block Assembly Marketplace (BAM), the system that orders transactions inside Solana blocks. Their nodes are going live on testnet now, with a limited mainnet stage planned before year-end.
Sources: Akash Prop 346 final tally · Akash on X (via Tree News) · Akash announcement (PR Newswire) · Akash: Why we selected Solana · ChainCatcher · CoinGecko: SOL · CoinGecko: AKT · TokenPost: Jito BAM operators
Prices as of 3:56 PM ET on Nov 2, 2026.
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